Tag: Queens Park Rangers

QPR’s Accounts & The Costs Of Relegation

It was always likely that there would be strong interest in the annual accounts of Queens Park Rangers, which were made public yesterday. After all, this was the Premier League club which defied the division’s recent moves towards austerity by spending lavishly during the January transfer window whilst rooted to the bottom of the table, a position they have yet to shake off. It was suggested at the time that there was an element of gamble to the club’s decision to spend so much money, both in terms of transfer fees and commitments in terms of wages over the coming years, and yesterday’s financial results have, if anything, expressed the extent of the gamble that the club has taken in increasing its liabilities at a time when the possibility of its income dropping dramatically is a very real one. The headlines do not make for particularly comfortable reading. The club’s wage bill increased by ¬£29m during the 2011/12 season, and the club now has a wages to turnover ratio which stands at 91%. The wage bill increase is, perhaps unsurprising. After all, promotion to the Premier League in May 2011 was always going to come at a cost to the club. The wages to turnover ratio figure, however, is more difficult to put a positive spin on. Wage control is a key indicator of a successful and sustainable business,...

Read More

Deadline Day Panic: Is QPR’s Spending An Accident Waiting To Happen?

During the days, which now seem like a lifetime ago but which in reality were quite recently, of free and easy credit and hire purchase, the phrase ‘buy now, pay later’ became something of a mantra on the high street. Retailers wanted consumers to interpret this phrase in a very specific manner, appealing as it did to the strongest instincts of the human desire for instant gratification, but as time progressed consumers came to realise that by stressing the phrase differently it could come to mean something quite, quite different. Failure to repay on time could lead to court action and even the conversion of innocent looking loans into debts secured against their property, and the spiraling out of control of people’s personal financial positions became a familiar sight, with personal insolvency levels shooting through the roof. This phrase sprang to mind this morning as Queens Park Rangers assaulted the last day of the transfer window with all the subtlety that we might have expected from a club with a little cash to spend, a pressingly desperate need to stay in the Premier League and Harry Redknapp as its manager. The flurry activity was such that we could even be persuaded that the club was acting in such a manner in order to render any attempts at parody futile. By the middle of the morning, Christopher Samba had arrived...

Read More

Agony, Ecstasy, Chelsea & Queens Park Rangers

The crisis-o-meter klaxon sounded at just after twenty-five past nine last night at Stamford Bridge. Chelsea had suffered a stodgy evening against Queens Park Rangers, the sort of bad day at the office that all of us have from time to time, when everything takes thirty seconds longer than we were expecting it to and that inevitable feeling of clock-watching is tempered only by that nagging feeling that there was something that needs to be done which hasn’t been. Queens Park Rangers, for their part, had defended doughtily, broken with menace and looked some distance from being the eleven man soap opera that we might have expected them to be if we took the entirety of our knowledge of them from the tabloid press, and with twelve minutes to play, when Shaun Wright-Philips swept in what turned out to be the only goal of the evening, it was well deserved, a solid indication that talk of their relegation from the Premier League isn’t quite the discussion of a foregone conclusion that it had been supposed to be. Bad nights at the office and decent, solid performances, however, do not make for click-happy headlines, though, so it is likely that last night’s result will now be extrapolated into gaudy colours and breathless language. Rafael Benitez has been skating on thin ice as the Chelsea manager since he took the job...

Read More

Another Bad Day For Football Managers In West London

If the sacking of Roberto Di Matteo by Chelsea was surprising yet unsurprising, there can be no doubt over the lack of shock regarding the decision of Queens Park Rangers to sever their ties with Mark Hughes after eleven months in the job this morning. The club lays adrift at the foot of the Premier League table without a win so far, and with a new television deal kicking in next summer that will substantially increase the wealth of those twenty clubs that are fortunate enough to be able to take advantage of it, this season above all others is the one that clubs cannot, both literally and figuratively, afford to be plummeting down through the trapdoor. Queens Park Rangers hung onto their Premier League status by their fingernails at the end of last season, but there has been little indication so far this season that they will be as lucky again this time around. With just four points from their opening twelve matches (and not a single win on the table), the dotted line which separates the survivors from the failures is already starting to recede into the distance. Despite this, however, the clubs cause is not yet completely lost and it probably this that defined the decision of owner Tony Fernandes to bring in a new face at the club now. Hughes replacement will have a month or...

Read More

The 200% Pre-Season Previews: Queens Park Rangers

Okay, let’s get this out of the way quickly, before we move onto altogether more relevant matters. Joey Bartons sending off at Manchester City was a pretty stupid piece of behaviour, for which he has been severely punished. There. That wasn’t so bad, was it? Bartons media profile has a tendency to overshadow everything in its wake up these days, but this does his employers something of a disservice. What should have been elation at the clubs return to the Premier League at the end of the season was tempered by concerns over the behaviour of those running the club at the time. They have long gone now, as has Neil Warnock, the man that took the club back to the Premier League in the first place. Considering the turmoil that such events carry with them, that the club held onto its position in the division at all is something of a small wonder. Yet a year on, here is Queens Park Rangers Football Club – still a Premier League club and one which is likely to improve upon last year’s close shave. Bartons misdemeanour at the City of Manchester Stadium on the final day of last season might have cost the club its Premier League place, but providence shone on it elsewhere and Rangers stayed up. While this summer has been quiet in the transfer market, the new...

Read More